HYDERABAD: The year 2022 has got off to a flying start for Hyderabad's startups with Darwinbox, which specialises in developing HR management software for large firms, emerging as the first true blue local player to log into the vaunted unicorn club with a valuation of over $1 billion.
This follows its latest Series-D fundraise of $72 million led by TCV (Technology Crossover Ventures). The round also saw participation from Darwinbox's existing investors like Endiya Partners, Salesforce Ventures, Sequoia India, Lightspeed India, 3One4Capital, JGDEV and SCB 10X, among others. This has taken its total funding to over $110 million so far.
